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-- Taking place on Tuesday, September 18, 2012 aboard the Intrepid Sea, Air, and Space Museum in New York City
-- A tribute to Admiral Mike Mullen, former Chairman of the Joint Chiefs of Staff
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SALT LAKE CITY -- Interbank FX (www.ibfx.com), a worldwide provider of online off-exchange retail foreign currency (Forex/FX) trading services, was ho...
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EDITOR'S NOTE: This story has been updated throughout.
WASHINGTON/LONDON (Reuters) - British bank Barclays will pay $453 million to U.S. and British authorities to settle allegations that it manipulated key interbank lending rates known as LIBOR, ramping up pressure on other banks to cooperate in a probe that could cost the banking industry billions of dollars.
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SALT LAKE CITY -- Interbank FX (IBFX), an online Futures Commission Merchant (FCM), today announced it has been named Best Foreign Exchange Broker at ...
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Can you trust the banks?
That's an essential question in the wake of the case involving the manipulation of a worldwide benchmark short-term interest rate. Between 2005 and 2009, banks altered the London interbank offered rate, known as LIBOR, to their advantage.
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The tension in interbank lending is not as acute as it was in 2008. But the underlying anxiety is the same because banks don't really know what danger may be lurking in one another's vaults.
Euro area banks and their governments are locked in a potentially fatal embrace. Banks usually own huge quantities of their domestic government bonds. As a result, any doubts about a country's solvency quickly infect its banks, making other banks reluctant to lend to them.
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LONDON (Reuters) - An arcane system at the heart of a global investigation into whether banks colluded in setting interest rates may endure simply because it is so deeply embedded in trillions of dollars' worth of financial contracts.
The London Interbank Offered Rate, known as LIBOR, is a daily poll that asks a group of banks at what rate they think they will be able to borrow. The rate is supposed to reflect the level at which banks lend to one another.
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SALT LAKE CITY -- For the second consecutive year, Interbank FX (IBFX.com), a worldwide provider of online off-exchange retail foreign currency (Forex...
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- Company Recognized Nationally in Two Categories for Its Online University and Management Team -
SALT LAKE CITY -- Interbank FX (IBFX), an off-exch...
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LONDON/BRUSSELS (Reuters) - A group representing some of the world's most powerful banks has approached the European Central Bank to seek backing for a new way to calculate the cost of funding after the LIBOR rigging scandal, people familiar with the matter said.
The approach comes as a collapse in interbank lending and the threat of a regulatory clampdown have put in doubt the future of such benchmarks, driving a search for different ways to anchor the price of funding.